This fundraise marks a pivotal moment for the company as it cements its leadership in India’s rapidly growing backpacking and experiential travel segment. The Hosteller plans to deploy the fresh capital towards accelerating its expansion across key travel destinations, while further strengthening operational efficiencies and brand building, said a release issued by the company.This fundraise marks a pivotal moment for the company as it cements its leadership in India’s rapidly growing backpacking and experiential travel segment. The Hosteller plans to deploy the fresh capital towards accelerating its expansion across key travel destinations, while further strengthening operational efficiencies and brand building, said a release issued by the company.